Filled on orders to sell VXX 07/17/2020 31.5 Puts @ 0.88 and VXX 07/17/2020 31.0 Puts @ 0.66.

That was my signal to give up waiting and roll my last SPY Call for today.
Bought to close 1 SPY 07/10/2020 304.0 Call / Sold 1 SPY 07/20/2020 305.0 Call @ 0.14 Credit plus another point higher on the strike.
SPY @ 317.34 when I rolled.

Bought to close KSS 07/10/2020 20.50 Covered Calls / Sold KSS 07/17/2020 21.0 Covered Calls / 0.53 Credit plus an extra 0.50 on the strike price.

KSS is @ 20.88

http://charleshughsmith.blogspot.com/2020/07/you-are-now-leaving-fantasyland-losses.html

“As the inverted pyramid collapses, the effects will be non-linear: a 10% decline may trigger dominoes that end up generating an 90% decline in “value” and “wealth” because the collapse of collateral to a non-fantasy valuation will implode all the phantom valuations piled on steadily more fragile and fantastic layers of phantom “capital.”
The fantasy of the Neofeudal Aristocracy is that the losses can be painlessly transferred to the debt-serfs and taxpaying peasantry. Mommy and Daddy (Treasury and Fed) will load future generations of debt-serfs and taxpaying peasantry with the losses and the political-financial Nobility will have their fortunes preserved. Gee, thanks, Mommy and Daddy! You’re swell!
The Neofeudal Aristocracy overlooks one terribly inconvenient fact: the debt-serfs and peasantry own next to nothing. The non-linear collapse of phantom capital will have asymmetric consequences: all the “assets” most likely to go to zero are owned not by the peasantry but by the Neofeudal Aristocracy.”

Bought to close 07/10/2020 31.50 Puts @ 0.01.

Rolled the 07/02/2020 33.0 Puts down to these at a 0.26 Credit last Friday.
They were written against VXX 2021 and 2022 long puts.

I also have 29, 30, and 30.50 short Puts and 38 and 40 short Calls expiring today.

Bought to close 1 AAL 07/10/2020 13.50 Covered Call / Sold 1 AAL 07/17/2020 Covered Call @ 0.17 Credit with the stock at 11.35

Bought to close WBA 07/10/2020 42.50 Covered Call / Sold WBA 07/17/2020 41.0 Covered Call @ 0.32 Credit
With the stock around 39.0 after the earnings drop I’m expecting this one won’t be threatened next week.

However, my average stock cost is below 40, so whatever 🙂

Sold 1 VXX Jul 17 2020 41.00 Call @ 0.57.
Waiting for this week’s calls @ 38 and 40 to expire before writing more.

Bought 100 WBA / Sold 1 WBA 07/17/2020 40.50 Covered Call @ 38.47 Net Debit
Earning were disappointing but revenues were up Y/Y and they raised the dividend by a penny per quarter

Sold VXX 07/10/2020 40.0 Calls @ 0.21
Sold 1 VXX 07/10/2020 38.0 Call @ 0.38.

Looking to balance out my short put exposure.
VXX at 33.38

Sold KSS 07/10/2020 22.0 Covered Calls @ 0.46
Sold SLB 07/10/2020 20.0 Covered Calls @ 0.07

Sold 1 ADS 07/10/2020 50.0 Covered Call @ 0.40
Sold 1 AAL 07/10/2020 13.50 Covered Call @ 0.34

With less than an hour until expiration I decided not to chance riding this out to the bitter end –
Bought to close 07/02/2020 32.0 Puts / Sold 07/10/2020 29.0 Puts @ 0.05 Credit plus 3.00 lower strike for next week.

All my puts are rolled now and my 42,44,46 short calls will expire.

Ready for the next pullback in the market now.

Bought to close VXX 07/02/2020 32.50 Puts / Sold VXX 07/10/2020 30.50 Puts @ 0.04 Credit plus 2.00 better strike.
Stock is 31.65

This was a very profitable buy/write in a small retirement account
Sold 100 CINF 64.91 today. Acquired this on a Put assignment at an adjusted basis or 52.80 on 05/12/2020.
Covered 1 July 60 Call @ 5.91. Sold it @ 7.90 on a nice rollout of the June 60.

Earned one nice $60 dividend payment due 7/15.
Over all I’m happy with the result and glad to be back in cash.

Bought to close KSS 07/02/2020 20.0 Covered Calls / Sold KSS 07/10/2020 20.50 Covered Calls @ 0.42 Credit plus 0.50 better strike.
Bought to close KSS 07/02/2020 20.50 Diagonal Calls/ Sold KSS 07/10/2020 21.0 Diagonal Calls @ 0.52 Credit plus 0.50 better strike.
My 07/02/2020 21.0 short calls should expire today.

Bought to close 1 SPY 07/02/2020 309.0 Call / Sold 1 SPY 07/13/2020 312.0 Call @ 0.34 Credit plus 3 points improvement in the short strike.
Stock at 313.64.

Bought to close VIAC 07/02/2020 23.0 Calls / Sold VIAC 07/10/2020 24.0 Calls @ 0.04 Credit plus 1 one point better strike

Bought to close VXX 07/02/2020 33.0 Puts / Sold 07/10/2020 31.50 Puts @ 0.26 Credit plus a 1.50 drop in the short strike.
Written against 2021 and 2022 long puts.

The 33’s were the farthest in the money of all my short Puts and since VXX rallied from 31.03 to 32.03 in the last hour I don’t want to deal with how low it may go if the market has a late run higher and pushes VXX back down.

I still have to cover or roll 32.0 and 32.50 puts but those should be easier.

Bought to close VXX 07/02/2020 41.0 Calls @ 0.01. Sold these last Friday @ 1.52

Bought to open 1 SPY 09/30/2020 335.0 Call / Sold 1 SPY 07/10/2020 312.0 Call @ 0.12 Credit
I’m thinking that the market is again overbought with the SPY at 311.75.

The long has 91 DTE and the short has 9 DTE and is out of the money

IATA – May Passenger Demand Shows Slight Improvement IATA announced that passenger demand in May (measured in revenue passenger kilometers or RPKs), dropped 91.3% compared to May 2019.

Buy Write
Bought 100 SQQQ / Sold 1 SQQQ 07/17/2020 8.50 Covered Call @ 7.27 Net debit.
The all time low on the stock was 7.30 about a week ago.

Gold Smashes Above $1800 For First Time Since 2011

Bought to close 06/30/2020 308.00 Call @ 0.25
Sold to close 07/17/2020 315.00 Call @ 2.42

On 5/22 Bought 07/17/2020 315.00 Call @ 2.20

At the time I sold a 05/29/2020 297.00 Call @ 2.25 which I have rolled and rolled (for a credit each time) until it became today’s 308.00 short call which I sold last Friday for 1.27.

Today I unwound both sides for a gain on both sides.
I’m pretty sure that the July 315.00 long call would have ended up worthless so I’m glad to get out of it.

New diagonal Put Spread
Bought to open 06/18/2021 9.00 Puts / Sold VXX 07/02/2020 32.50 Puts @ 0.16 Credit.
The short has 2 DTE and can be rolled weekly and the long has 353 DTE

Sold VXX 07/02/2020 33.00 Puts @ 0.37.
Sold VXX 07/02/2020 32.50 Puts @ 0.32.
I’m more afraid of the call side of my strangles than the put side so I’m overloading the Puts a bit for the remainder of the week.

Bought to close 1 SPY Jun 30 2020 301 Call @ $3.39
Sold to Open 1 SPY Jul 02 2020 303 Call @ $3.68 for 0.29 Net credit and a 2 point bump in the strike for Thursday.

Still have a 308 call left for today

Re-establishing my Put diagonals against my 2021 and 2022 long puts
Sold VXX 07/02/2020 33.0 Puts @ 0.34
Sold VXX 07/02/2020 32.50 Puts @ 0.22

Bought to close 1 SPY 06/29/2020 309.00 Call @ 0.01.
Sold this against 1 SPY 09/18/2020 333.0 Call last Monday @ 5.47.
Sold 1 SPY 07/02/2020 309.00 Call @ 1.07 to replace it.

SPY is 302 at the moment

Sold SQQQ 07/02/2020 9.50 Covered Calls @ 0.10
Sold SQQQ 07/02/2020 9.00 Covered Calls @ 0.15

Sold 1 WBA 07/02/2020 42.0 Covered Call @ 0.55
Sold 1 AAL 07/02/2020 13.0 Covered Call @ 0.54.
These replace similar positions that expired Friday.

https://www.zerohedge.com/markets/triple-threat-3-major-risks-markets-are-not-pricing-yet

The market must be down on the week if all these are expiring today. Last week, almost nothing was expiring and everything needed to be rolled.

Expired:
AAL 06/26/2020 12.50 Covered Call
ADS 06/26/2020 50.00 Covered Call
ADS 06/26/2020 52.50 Covered Calls
KSS 06/26/2020 19.50 Covered Calls
KSS 06/26/2020 20.00 Diagonal Calls
KSS 06/26/2020 23.00 Diagonal Calls
SLB 06/26/2020 18.00 Covered Calls
SLB 06/26/2020 18.50 Covered Calls
SLB 06/26/2020 20.50 Diagonal Calls
SLB 06/26/2020 21.00 Diagonal Calls
SQQQ 06/26/2020 9.00 Covered Calls
SQQQ 06/26/2020 10.00 Covered Call
WBA 06/26/2020 42.00 Covered Call
WFC 06/26/2020 28.00 Covered Calls
WFC 06/26/2020 28.50 Covered Calls
WFC 06/26/2020 29.00 Diagonal Calls
WFC 06/26/2020 30.00 Diagonal Calls

VXX 06/26/2020 32.00 Diagonal Puts
VXX 06/26/2020 32.50 Diagonal Puts
VXX 06/26/2020 33.00 Diagonal Put
VXX 06/26/2020 34.00 Diagonal Puts

Assignments:
NONE

Sold VXX 07/02/2020 32.0 Puts @ 0.34 replacing similar options about to expire.

Bought to close VXX 06/26/2020 36.50 Diagonal Calls / Sold VXX 07/02/2020 41.00 Diagonal Calls @ 0.52 Credit plus and extra 4.50 improvement in the short strike price.
Sold the 36.50 Calls @ 1.63 and covered them @ 1.00 although they looked like they might expire early this morning.

One of the few stock positions with options that needing rolling:
Bought to close VIAC 06/26/2020 20.0 Covered Calls / Sold 07/02/2020 20.0 Covered Calls @ 0.18 Credit
Bought to close VIAC 06/26/2020 22.0 Diagonal Calls / Sold 07/02/2020 23.0 Diagonal Calls @ 0.27 Credit plus an extra point on the short strike.
Shortened trading week next week.

Bought to close 1 SPY 06/26/2020 307.0 Call / Sold 1 06/30/2020 308.0 Call @ 1.12 Credit Plus a point higher strike.
Potentially a $200 better result with 2 trading days until expiration.

PS: The SPY has contracts coming due each day next week because of the Quarterly expiration on 6/30 and the normal Friday expiration pushed to Thursday because of the July 4th Holiday.

Bought to close 1 SPY 06/26/2020 301.0 Call / Sold 1 06/29/2020 302.0 Call @ 1.02 Credit Plus a point higher strike.
Potentially a $200 better result with ONLY ONE ADDITIONAL DAY until the new expiration.

Bought to close 06/26/2020 46.0 Calls / Sold 07/02/2020 46.0 Calls @ 0.55 Credit.
Sold this week’s 46.0 Calls @ 0.84 and 0.89 last Friday.

Bought to close 06/26/2020 40.5 Calls / Sold 07/02/2020 44.0 Calls @ 0.69 Credit Plus a 3.50 higher short strike.
Sold this week’s 40.50 Calls @ 1.69 last Friday

Bought to close 06/26/2020 39.0 Calls / Sold 07/02/2020 42.0 Calls @ 0.89 Credit Plus a 3.0 higher short strike.
Sold this week’s 39.0 Calls @ 1.39 last Friday

Bought to close KSS 06/26/2020 19.50 Calls / Sold KSS 07/02/2020 20.50 Calls @ 0.10 Credit plus an extra point on the strike price.

Bought 1 07/31/2020 60.0 Call / Sold 1 VXX 06/26/2020 36.50 Call @ 0.04 Credit.
This is similar to the spread I put on yesterday except that the long side call strike is 5 points lower.

My short calls and short puts for this week are now balanced out.
Fidelity calls these positions ” Short Calendar Iron Condor Spreads”

The coronavirus pandemic has hit the already-struggling sector particularly hard.
Some big names have gone bust recently, including Neiman Marcus , J.Crew, and J.C. Penney . Meanwhile, Amazon and other retailers with a large online presence are among the most-obvious winners of the coronavirus crisis.
The wave of bricks-and-mortar bankruptcies has some speculating that Amazon could be interested in scooping up a traditional retailer on the cheap, given its large cash hoard and willingness to take risk.
And it wouldn’t be the first time. Amazon bought Whole Foods Market back in 2017. That deal gave it a refrigerated distribution chain and positioning in attractive market areas.
A department-store acquisition could give Amazon a physical presence closer to more customers and relationships with large branded apparel companies.

Mylan’s Price-to-Earnings Ratio Is 3.7
It makes it the cheapest stock in the S & P 500 relative to its projected 2020 earnings.
Mylan is a large generic and off-patent drug company, and it is about to get much bigger. Later this summer, it is set to merge with Pfizer’s generic drug business, called Upjohn.
But investors are clearly pessimistic about the backdrop for generic drugs in the U.S., and don’t give Mylan shares much credit for its growing portfolio.
Other particularly cheap stocks in the S & P 500 include insurers Prudential Financial , MetLife , and Lincoln National . Old-school media companies ViacomCBS and Discovery also make the top 10.

I entered this order about 4:10pm EDT thinking it would be in for the open tomorrow, but it filled right away.
All good I guess.
It would be nice if the market would pull back for a few days,.
Bought to close 1 SPY 06/24/2020 300.0 Call / Sold 1 SPY 06/30/2020 301.0 Call @ 0.38 Credit Plus a point on the strike.
Rolled this to avoid assignment tomorrow night.

Since my short puts for Friday are under a bit of pressure as the market continues up I added one more call spread.
Bought 1 07/31/2020 65.0 Call / Sold 1 VXX 06/26/2020 36.50 Call @ 0.04 Credit.
If this works out by Friday, I’ll have another free “Black Swan” long call for the next month.

Sold WFC 06/26/2020 29.00 Calls @ 0.27
Sold WFC 06/26/2020 30.00 Calls @ 0.11
Stock at 27.70

Bought to open 1 SPY 09/18/2020 333.0 Call / Sold 1 SPY 06/29/2020 309.00 Call @ 0.14 Credit.
Does anyone else think this market is ridiculously overbought?
The long is 88 DTE while the short is 7 DTE and could theoretically be rolled every other day after 6/29.
The stock is 309.76

Bought to open KSS 08/21/2020 32.50 Calls / Sold KSS 06/26/2020 23.00 Calls @ 0.15 Credit.
The stock is at 22.04

Sold SQQQ 06/26/2020 9.00 Covered Calls @ 0.15 replacing similar calls that expired Friday

Bought to close WFC 06/19/2020 28.50 Covered Calls / Sold WFC 06/29/2020 28.50 Covered Calls @ 0.52 Credit.

Bought to close 1 WBA 06/19/2020 41.50 Covered Call / Sold 1 WBA 06/29/2020 42.00 Covered Call @ 0.16 Credit plus an extra 0.50 on the strike for one more week.

It seems that Apple announcing they were reclosing some stores that they had reopened tanked the market.
Although it seems to be recovering, after VXX rallied 3 points off the low, I decided to roll way up for next week.

Bought to close VXX 06/19/2020 36.50 Calls / Sold VXX 06/26/2020 40.5 Calls @ 0.89 Credit plus 4 points on the short strike.

Bought to close VXX 06/19/2020 39.00 Calls / Sold VXX 06/26/2020 46 Calls @ 0.80 Credit plus 6 points on the short strike.

Bought to close VXX 06/19/2020 42.00 Calls / Sold VXX 06/26/2020 46 Calls @ 0.88 Credit plus 4 points on the short strike.